Ways to Afford an Office Space When Low on Fuel-CBD Office Rental

Property to Rent

Many businesses start their journey with a home office but that affordability is only short lived. There comes a certain point when your business has grown enough that it won’t flourish anymore in a home office. Then comes the time to take a major leap of faith – to invest or not to invest in an office space. You can, however, turn this leap of faith into a calculated risk. With so many different options available in today’s market of the commercial estate, it has evolved to support all types and size of businesses. We are going to look through such options and other ways to afford an office to rent in Singapore in this Article. 1.Figure out what’s best for you – rent or buy It all depends on how you finance your business. If you are a startup backed by an investor, you can include the office-buying price on the expense list. This way you will not have to worry about managing the rent each month and cutting prices in other business operations so as to be able to afford the rent. On the other hand, if you think that renting goes well with your business model for the time being, you can go for it. 2. Look for recent corporate hubs This is one of the best ways to save money while looking for an office space. New corporate hubs often offer lucrative deals to businesses to settle there. The added advantage is that the new corporate hubs are being opened at ‘planned’ places where businesses can flourish. So you can expect lesser commuting time, more traffic of prospective customers, and other amenities. 3. Find out what misfortune cookie has in store for you Confused? We’ll be surprised if you are not. Each day, we are seeing a new competitor entering the market and an older one getting burned out. Many in the latter category have years of lease plan, which they are now finding difficult to pay for. If you are able to find yourself in such a situation, you can turn their misfortune into your fortune. You can get yourself a deal at quite less price than the market price. 4. Sharing is saving We are talking about coworking or shared office space. You can share your office space and the rent with another business. This way you’ll be able to get the required amount of office space at comparatively less price. Also, you can look for sharing office space with businesses that can help you with your business in one way or another. Like an advertising agency can look for a web development company to share office space with. It creates a win-win situation for both the parties. 5. Hire Commercial Estate Professionals The tips that we have discussed so far are easier said than done. However, you can give the job of looking for an office space to commercial estate professionals. They generally have a good network of landlords and can bring you deals that fit right into your budget. If you are looking for an office to rent in Singapore then you can place your trust with experts at CBD Office Rental. 6. Cut the extra fat If you are running low on fuel, it’s important for you to understand the difference between need and want. A need is something that is important for survival whereas a want is something that may help you but is not important for survival. Differentiate your resources into needs and wants and invest accordingly. 7. Go through lease plan extra carefully You should always double check your lease plan before you finalize the deal. You can always work out a better deal. You can make exceptions to services that are included in the plan but are not required by you. A professional estate agent can do this job for you. These 7 ways can really help you make a smart and cost-effective choice while looking for an office space. You can find great options for office spaces in prime locations of Singapore with CBD Office Rental. Their extensive network of landlords and up-to-date knowledge of the market helps them to meet the needs of their clients under the budget.